Question

“Perhaps the most important reason to know finance is that you will have to make financial decisions that will be very important to you personally”.

What can you tell me about this quote? Please be detailed

Answer 1

To describe the quote-“Perhaps the most important reason to know finance is that you will have to make financial decisions that will be very important to you personally”; we should understand that why Personal Financial Knowledge is so Important. Knowledge of Finance teaches important life skills. Those who have the knowledge of Finance are more likely to have a checking account, budget wisely, save for retirement, and more.Without financial literacy a person might have to do something forcibly against will for financial security. Because a lack of job contributes to riots and illegal activities. It helps to plan future accordingly. There is no situation that is not related to money. Hence, knowledge of Finance in personal is as important as it is in the financial sectors.